Gummadi Surya 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Cognizant (CTSH) President Surya Gummadi Receives Vesting RSUs
What Happened Surya Gummadi, President — Americas of Cognizant Technology Solutions (CTSH), received a total of 1,805 shares when RSUs vested on March 1, 2026 (1,168 shares from one award and 637 shares from another). Of those vested shares, 887 shares were withheld to cover tax obligations at $64.43 per share, totaling $57,149. The RSUs converted to common shares (derivative-to-stock settlement), with exercise/conversion entries shown at $0.00 consistent with RSU settlement.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026.
- Shares vested/issued: 1,805 total (1,168 + 637).
- Shares withheld for taxes: 887 shares at $64.43/share = $57,149.
- Net shares delivered to insider: 1,805 − 887 = 918 shares (net increase).
- Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = tax withholding via share surrender.
- Shares owned after transaction: not specified in the filing.
- Footnotes: These shares come from two RSU awards granted Feb 28, 2024 — one 14,016-RSU grant vesting 1/12th quarterly, and one 7,645-RSU grant with a more complex staged vesting schedule (see filing for full schedule).
Context These transactions are routine RSU vesting and a common cashless withholding to cover payroll taxes (not an open-market sale or purchase). RSUs convert into shares with no exercise price; the filing shows conversion entries at $0.00 and separate withholding to satisfy tax liability. This type of filing is typically administrative and does not by itself signal insider buying or selling intent.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1][F2]2026-03-01+1,168→ 27,456 total - Exercise/Conversion
Class A Common Stock
[F3][F2]2026-03-01+637→ 28,093 total - Tax Payment
Class A Common Stock
[F4]2026-03-01$64.43/sh−887$57,149→ 27,206 total - Exercise/Conversion
Restricted Stock Units
[F2][F5]2026-03-01−1,168→ 4,672 total→ Class A Common Stock (1,168 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F6]2026-03-01−637→ 1,276 total→ Class A Common Stock (637 underlying)
Footnotes (6)
- [F1]Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/12th of the restricted stock unit ("RSU") award granted on February 28, 2024.
- [F2]Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]Shares of Class A Common Stock of the Company received from the vesting of 2/3rds of 1/8th of the RSU award granted on February 28, 2024.
- [F4]Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- [F5]A total of 14,016 RSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2024, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2027).
- [F6]A total of 7,645 RSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2024, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the successive three vesting dates; and (iv) the remainder of such RSUs vesting on the twelfth vesting date (March 1, 2027).